09:22 AM EDT, 05/02/2025 (MT Newswires) -- Financial stocks rose pre-bell Friday with the Financial Select Sector SPDR Fund (XLF) advancing by 1.6% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 4.7% lower.

ING Groep ( ING ) shares were up nearly 7% after the company reported Q1 earnings and revenue that topped analysts' expectations.

Piper Sandler ( PIPR ) shares advanced by nearly 4% after the company reported higher Q1 adjusted earnings and net revenue.

Apollo Global Management ( APO ) shares were down 1.2% after the company reported higher Q1 adjusted net income, while revenue declined.